Saudi riyal at weakest since June 2017 on Khashoggi case

Saudi riyal at weakest since June 2017 on Khashoggi case

Saudi riyal at weakest since June 2017 on Khashoggi case

Sheikh Abdullah reiterated the UAE's unequivocal stance with Saudi Arabia in whatever policies it sets and tremendous efforts it exerts to counter the various risks and threats besetting the worldwide community, particularly extremism and terrorism. "We have conveyed this message directly to the Saudi authorities", the statement added.

Turkish officials say that they fear Saudi agents killed and dismembered Khashoggi after he entered the consulate and that they have audio and video recordings of it.

Saudi Arabia is threatening to hit the United States economy with targeted countermeasures that would impact the domestic USA economy "much harder" than the Saudi's, including curtailing investment in U.S. resources as well as putting a halt to purchasing weapons systems from the USA, a move that would drastically impact weapon manufacturers who have well-embedded ties to the U.S. government.

"There's something really awful and disgusting about that, if that was the case, so we're going to have to see", Trump said.

In just two sessions the Saudi bourse, the largest in the Arab world, has shed nearly $50bn of its capitalisation, which now stands at about $450bn, AFP said.

Trump quoted the King on Monday as saying that neither he nor his son, Crown Prince Mohammed, had any information about what had happened to Khashoggi.

President Donald Trump suggested Monday that "rogue killers" could be responsible for the mysterious disappearance of Saudi journalist Jamal Khashoggi, an explanation offering USA ally Saudi Arabia a possible path out of a global diplomatic firestorm.

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Secretary of State Mike Pompeo, hurriedly sent to Riyadh, expected to get more clarity during talks with Saudi leaders Tuesday.

Just last week, Trump vowed to uncover the truth about what happened to Khashoggi and promised "severe punishment" for those responsible. Turning a blind eye to the human rights abuses of Saudi Arabia is no way of "changing the world".

It's involved in Saudi projects to build a new mega city and the world's largest solar farm.

A SoftBank spokesman declined to confirm whether SoftBank executives will attend next week's conference. "Because of the leadership, because of the location, because of the people in the kingdom, we can make it happen".

Sens. Marco Rubio and Jeff Flake, members of the Foreign Relations Committee, have said Congress is prepared to move quickly and firmly if Trump fails to adequately respond to Khashoggi's disappearance. "I've heard that report but nobody's knows if it's an official report".

"It's being investigated, it's being looked at very, very strongly", Trump said. While Turkey and the kingdom differ on political issues, Saudi investments are a crucial lifeline for Ankara amid trouble with its lira currency. Several business leaders and media outlets have backed out of the upcoming investment conference in Riyadh, called the Future Investment Initiative. At that time Uber share was estimated to be worth $33 and the worth of the company was valued at $62 billion.

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